Closed: $300K cash-out refi for a Medical Office in Baton Rouge, LA
Another successful deal was closed by Gelt Financial! We’re excited to announce the closing of a $300K cash-out refinance for a medical office in Baton Rouge, LA. This property, featuring multiple rooms, two bathrooms, and a large parking lot, is leased to a long-term tenant.
Our client, a dedicated medical professional and real estate investor who built the property themselves, needed cash to pay off debt. Despite a 590 FICO score, we were able to provide financing with a 60% loan-to-value ratio.
At Gelt Financial, we specialize in hassle-free financing solutions tailored to your needs. When your bank says NO, we say YES!
About Gelt Financial
Gelt Financial is a non-bank commercial real estate lender. We closed more than 10,000 loans totaling over $1 billion since 1989. Gelt focuses on providing debt to non-bank borrowers on all types of commercial real estate, including but not limited to multifamily, office, retail, warehouse, industrial, self-storage, and mixed-use.
For more info on how Gelt can help you with an investment property or on any of our other various products and services, look at what President Jack Miller does on Gelt’s YouTube channel, and for more info on our completed deals, check our Deals Done.
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